-If the Price of a Product Increases

question 327

Multiple Choice

-If the price of a product increases

• A) there is an increase in quantity supplied and a decrease in demand.
• B) there is an increase in supply and a decrease in quantity demanded.
• C) there is an increase in supply and a decrease in demand.
• D) there is an increase in quantity supplied and a decrease in quantity demanded.

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Definitions:

Unnecessarily Lengthy

Describing something that is longer than required or needed without justifiable reasons.

Phobia

An intense, irrational fear of specific situations, objects, animals, or activities that poses little or no actual danger.

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A mental health condition characterized by persistent and excessive worry about various aspects of life, not tied to any specific threat.